How Automating Manual Processes Transforms Business Operations in Nepal?

Did you know human error rates in manual processing can range from 1% to 5%, which keeps multiplying with repetitive tasks? And these errors are more prevalent in Nepali small and medium businesses, where everything is manual and based on traditional ledgers and spreadsheets.

Besides costing hefty fortunes, manual errors can even become the root cause of low productivity and efficiency, leading to stale growth and eventual downfall. That’s where ERP systems come in, mitigating manual errors by automating every operational aspect so Nepali businesses can focus on what matters the most-Growth.

The Hidden Costs of Manual Processes

A popular quote says, “If it ain't broke, don't fix it?” However, for a business, you should think again. Although traditional methods with manual processes have been the norm in Nepal, most companies don’t realize how much time and money they are losing because of it.

So, let us find out what’s happening behind the scenes:

1. Error-Prone Workflows: Regardless of a person’s skill set, there’s always a possibility of making an error. Any inaccuracy in the business operation can result in major revenue leaks. In addition, fixing mistakes takes even more time, effort, and money, risking the overall productivity of businesses.
2. Time Wasted on Repetitive Tasks: Business operations like accounting, reporting, updating, etc, take much longer than they should, leaving businesses stuck in admin work instead of focusing on growth.
3. Scalability Issues: An increase in business size means more transactions, paperwork, processing time requirements, and more chances of errors slipping through, resulting in more significant inefficiencies.

Advantage of Automation Using ERP System: A Smarter Way to Work

Eliminating the shortcomings of manual processing, an ERP system automates tedious manual tasks, allowing you to work smarter, not harder. Let’s find out how:

1. Reducing Errors and Increasing Accuracy

1. Through seamless automation, an ERP system streamlines repetitive tasks, ensuring data consistency and accuracy at all times per predefined standards.
2. Automated processes allow simplified data input and validation in one place, reducing the chances of errors.

2. Enhancing Compliance

1. Automated audit trails ensure proper transparency in your business's financial and operational records.
2. Keeps your business IRD compliant with tax calculations effortlessly per the latest regulations and standards.

3. Speed Up Operations

1. Whether data entries, approvals, or inventory tracking, automated systems work faster than manual processes, freeing your time so you can focus on business growth.

4. Lower Cost

1. Reducing manual work also lowers labor costs and operational efficiencies. In addition, fewer errors mean fewer financial losses from mistakes.

5. Accurate Monitoring and Optimization

1. ERP systems like Providhy provide clear visibility into workflow health and performance through intuitive dashboards so you can proactively optimize workflows on the go.

From Manual to Automated: A Real-World Success Stories

Did you know back in the early 2000s, the popular brand Nike faced a major inventory management crisis that cost them a staggering loss of around $100 million (approx. NRS 1,391 Crores) in sales? To tackle this challenge, the brand turned to automation, implementing advanced systems to streamline its supply chain and inventory processes.

Similarly, Cadbury, the confectionery company, struggled to standardize its processes across 16 locations and consolidate 13 manufacturing operations. So, they implemented an ERP system that successfully helped them lower operating costs and improve production efficiency across their supply chain.

Besides these, a study shows that implementing proper automation could increase productivity growth globally by 0.8% to 1.4% annually. With that in consideration, many forward-thinking businesses in Nepal have already implemented automation to reach new heights of success.

Ready to Streamline Your Operations?

Less manual work, fewer errors, faster operations. With Providhy ERP, your business doesn’t just function—it thrives. Contact us today for a free consultation!